
$60 billion bucks. Now there's a number to make you stop and take notice. Well that could be the number that a group of Canadian record labels will have to pay up to musicians for copyright infringement. And we're not talking little itty bitty obscure labels, we're talking Warner Music Canada, Sony BMG Music Canada, EMI Music Canada, and Universal Music Canada.
So what did these monster-size companies do exactly? The companies are currently involved in a massive class-action lawsuit on behalf of musicians who say that the companies used their music without permission in "use now, pay later" deals. Problem is the companies often failed to pay later. Most of the infringement comes from the companies using music to create compilation CDs (ie. the top dance tracks of 2009) or live recordings. The record labels create, press, distribute and sell the CDs, but do not obtain the necessary copyright licenses. The class action lawsuit is now the largest copyright infringement case in Canadian history.
And the companies say they owe the artists money, but now what's in dispute is just how much. The companies admit to owing $50 million but those involved say the number could actually turn out to be in the billions, with the amount being stated now as $20,000 per infringement (and a growing list of over 300,000 songs involved).
So far I haven't seen any country artists on the list, but that doesn't mean there aren't any and with big names like Beyonce and Bruce Springsteen waiting to see their share of the money, it makes me wonder who else is involved.
Let's just hope that America's record labels have been paying their bills.
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